Abstract

Background: Funding for graduate medical education (GME) is becoming scarce and is likely to worsen. There is a higher degree of accountability and return on investment demanded from public funds dedicated to GME. Academic centers (AC) partnered with clinical enterprises (CE) are finding it increasingly difficult to retain sustainable funding streams for GME activities. Methods: To develop and implement a novel algorithmic funding model at one AC in symbiotic partnership with the CE for all 50 GME programs with nearly 500 residents. Results: A new GME Finance and Workforce Committee was convened which was tasked with developing the novel algorithmic financial model to prioritize GME funding. Early outcomes measures that were monitored consisted of: satisfaction of all stakeholders and financial savings. Conclusions: The model was presented to all the stakeholders and was well received and approved. Early signs, demonstrated AC and CE satisfaction with the model, financial savings and increased efficiency. This GME funding model may serve as a template for other academic centers with tailored modifications to suit their local needs, demands and constraints.

Original languageEnglish (US)
Pages (from-to)147-154
Number of pages8
JournalAmerican journal of surgery
Volume216
Issue number1
DOIs
StatePublished - Jul 2018

Fingerprint

Graduate Medical Education
Social Responsibility
Financial Management
Outcome Assessment (Health Care)

Keywords

  • Funding
  • Graduate Medical Education
  • Novel funding model

ASJC Scopus subject areas

  • Surgery

Cite this

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title = "Model for prioritization of Graduate Medical Education funding at a university setting – Engagement of GME committee with the Clinical Enterprise",
abstract = "Background: Funding for graduate medical education (GME) is becoming scarce and is likely to worsen. There is a higher degree of accountability and return on investment demanded from public funds dedicated to GME. Academic centers (AC) partnered with clinical enterprises (CE) are finding it increasingly difficult to retain sustainable funding streams for GME activities. Methods: To develop and implement a novel algorithmic funding model at one AC in symbiotic partnership with the CE for all 50 GME programs with nearly 500 residents. Results: A new GME Finance and Workforce Committee was convened which was tasked with developing the novel algorithmic financial model to prioritize GME funding. Early outcomes measures that were monitored consisted of: satisfaction of all stakeholders and financial savings. Conclusions: The model was presented to all the stakeholders and was well received and approved. Early signs, demonstrated AC and CE satisfaction with the model, financial savings and increased efficiency. This GME funding model may serve as a template for other academic centers with tailored modifications to suit their local needs, demands and constraints.",
keywords = "Funding, Graduate Medical Education, Novel funding model",
author = "Chandrakanth Are and Melissa Suh and Lauren Carpenter and Hugh Stoddard and Vicki Hamm and Matthew DeVries and Goldner, {Whitney S} and Jarzynka, {Kimberly J} and Parker, {Jennifer R} and Jean Simonson and Talmon, {Geoffrey A} and Vokoun, {Chad William} and Gold, {Jeffrey P} and Mercer, {David F} and Wadman, {Michael Charles}",
year = "2018",
month = "7",
doi = "10.1016/j.amjsurg.2017.07.010",
language = "English (US)",
volume = "216",
pages = "147--154",
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T1 - Model for prioritization of Graduate Medical Education funding at a university setting – Engagement of GME committee with the Clinical Enterprise

AU - Are, Chandrakanth

AU - Suh, Melissa

AU - Carpenter, Lauren

AU - Stoddard, Hugh

AU - Hamm, Vicki

AU - DeVries, Matthew

AU - Goldner, Whitney S

AU - Jarzynka, Kimberly J

AU - Parker, Jennifer R

AU - Simonson, Jean

AU - Talmon, Geoffrey A

AU - Vokoun, Chad William

AU - Gold, Jeffrey P

AU - Mercer, David F

AU - Wadman, Michael Charles

PY - 2018/7

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N2 - Background: Funding for graduate medical education (GME) is becoming scarce and is likely to worsen. There is a higher degree of accountability and return on investment demanded from public funds dedicated to GME. Academic centers (AC) partnered with clinical enterprises (CE) are finding it increasingly difficult to retain sustainable funding streams for GME activities. Methods: To develop and implement a novel algorithmic funding model at one AC in symbiotic partnership with the CE for all 50 GME programs with nearly 500 residents. Results: A new GME Finance and Workforce Committee was convened which was tasked with developing the novel algorithmic financial model to prioritize GME funding. Early outcomes measures that were monitored consisted of: satisfaction of all stakeholders and financial savings. Conclusions: The model was presented to all the stakeholders and was well received and approved. Early signs, demonstrated AC and CE satisfaction with the model, financial savings and increased efficiency. This GME funding model may serve as a template for other academic centers with tailored modifications to suit their local needs, demands and constraints.

AB - Background: Funding for graduate medical education (GME) is becoming scarce and is likely to worsen. There is a higher degree of accountability and return on investment demanded from public funds dedicated to GME. Academic centers (AC) partnered with clinical enterprises (CE) are finding it increasingly difficult to retain sustainable funding streams for GME activities. Methods: To develop and implement a novel algorithmic funding model at one AC in symbiotic partnership with the CE for all 50 GME programs with nearly 500 residents. Results: A new GME Finance and Workforce Committee was convened which was tasked with developing the novel algorithmic financial model to prioritize GME funding. Early outcomes measures that were monitored consisted of: satisfaction of all stakeholders and financial savings. Conclusions: The model was presented to all the stakeholders and was well received and approved. Early signs, demonstrated AC and CE satisfaction with the model, financial savings and increased efficiency. This GME funding model may serve as a template for other academic centers with tailored modifications to suit their local needs, demands and constraints.

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